What seems like a lucrative investment opportunity quickly turns into a never-ending nightmare. A trio of unscrupulous websites, MassCoin scam lures inexperienced crypto retailers, only to have their assets stolen.

What is it that compelled countless traders into this trap? Find out in our MassCoin review.

Deprived Of Any Legal Information

The Terms and Conditions document on the website cite a parent company, CB Payments Ltd, operating with the trading name of MassCoin.

The company is allegedly based in Kenya, but there’s a couple of problems. Firstly, cryptocurrency markets are not regulated in this nation, and secondly there is no information about the firm either with BRS or CBK.

Checking the databases of multiple cryptocurrency regulators across the globe, including NFA, AUSTRAC, FINTRAC, CySEC, FCA and BaFIN got us nowhere.

It seemed as though this company doesn’t exist anywhere outside of cyberspace, and that might as well be true. There are other similar cryptocurrency fraud platforms that use the same strategy, KCC Coin being just one of them.

Dealing with these sorts of deceitful companies incurs greater risk than just asset loss. They involve identity theft, terrorist funding and money laundering to name a few.

Pig Butchering In Action

The websites all seem to be registered at about the same time in 2023, with a Singaporean hosting service. At least, that’s the information available through the WhoIs database.

These South East Asian schemes all have something in common, and that is the prevalence of the romance scheme. The fraud is commonly executed in the following regions:

• United States
• Canada
• United Kingdom
• Germany
• Laos

This strategy employs boiler room agents to find targets on dating platforms like Grindr or Badoo, and pretend to have a romantic interest in their target.

As their make-believe relationship develops, agents actively work on stealing their victims’ money through fishy websites. It is possible to recover the stolen funds, but only through legal action of a skilled professional.

Unclear Service Costs

The majority of regulated and reputable cryptocurrency exchanges charge the Maker and Taker fees for market services. In addition, you can also expect deposit, withdrawal, and account maintenance fees. None of this is ever mentioned with the MassCoin platform.

The firm employs a loan sharking strategy for crypto-based loans, with a 5% of daily interest. In addition, the Terms of use mentions that the company reserves the right to charge 5%-50% of the deposit for users from certain, undisclosed areas.

Bonuses And Referrals

Allegedly, all clients are eligible for a USDT bonus as soon as they sign up. To receive this bonus, you must contact the customer support first. There’s also a referral programme that is hidden in a similar fashion, with the only difference being common referral links and QR codes for all clients.

Features Are A Mess

Digging for any useful information about trading features is a fruitless effort. Even if you find something, it doesn’t really reflect on the actual trading environment.

It’s all a convoluted maze of misinformation, stolen from other companies and stuck on the website haphazardly in order to fill the blank space.

Horrible Trading Software

The sole trading platform is the website itself. Some may call this seamless integration, but we see it as a half-cocked attempt at creating something that remotely resembles a trading environment.

Only a simple charting software is available, and only for a single type of trading. Charting information is streamed from TradingView, but we’ve noticed that it doesn’t update regularly, and lags significantly.

The firm alleges a discrete mobile app that should, in theory, be downloadable from the website. Instead of a link to Google Play or App Store, you will only get a single picture that does nothing.

Trading Banned Assets

At least the fraudsters are true to the service they are mimicking, and offer various crypto coins for trade. Alleged trading assets include BTC, ETH, SOL, EOS, DOGE, LINK and some others.

Not nearly as many as a reputable exchange, where you may trade tens of thousands of coins and tokens. In addition the company offers cryptocurrency binary options trading, which is banned worldwide.

Dysfunctional Accounts

Creating a MassCoin account doesn’t give you unlimited access, as the password serves no purpose. Instead, you’ll have to get a new authorization email and enter a new single use code each time.

The company features DeFi staking, which has 7 “gears”, starting with 100 USDT for 0.5% ROI, and ending with 99,999,999 USDT for 1.5% ROI after an unknown time interval.

There is also crypto coin pledging that consists of 3 plans:

• 100 USDT; 2.2%-2.6% daily for 3 days
• 10,000 USDT; 2.6%-3% daily for 7 days
• 50,000 USDT; 2.8%-3.2% daily for 15 days

Shady Payout Conditions

The exchange has several cryptocurrency transfer channels by which clients may facilitate payments. Both TRC and ERC networks are available, as well as a bank card payment. Unlike deposits, withdrawals require a password which, as we mentioned before, simply doesn’t function.

As there is no MassCoin withdrawal policy, there’s no way to get even a remote idea on how you might get your money out of the platform. If you have assets stuck with MassCoin or NBKCOINS, get in touch with our chargeback experts as soon as possible!

Pretense Of Customer Service

The customer support relies on a live chat option, but this isn’t even hosted on the website proper. It’s a 3rd party service, provided by LiveChat. Although not uncommon with many firms today, this particular chat option requires your login credentials, which, as we’ve already mentioned, don’t work.

Got Defrauded? Let’s Get Your Money back!

Allegedly a Kenyan firm, this cryptocurrency exchange doesn’t appear in registries of any relevant authorities of this nation. Not that this would matter much, as the Kenyan lawmakers are yet to adopt any crypto regulation act.

Functioning without any relevant license or authorization, the company blatantly steals their clients crypto coins through shady practices. Don’t let your money go to waste! Contact our legal experts via the live chat, and file a chargeback today!

FAQ Section

What is MassCoin?

It is an unauthorized cryptocurrency exchange that provides illegal trading assets.

Is MassCoin a Scam?

Yes, this platform is a full blown scam with no redeeming qualities!

Is It Possible to Recover Stolen Crypto?

Although possible, it is exceedingly difficult. Book a free consultation with our legal team to find out more about the recovery procedure.

NitroEx is a less-known crypto exchange as well as a provider offering a unique token and automated trading bot. Although not as popular as some other bigger exchanges, NitroEx managed to gather some loyal clients but not without controversy.

Namely, the company got on the bad side of its home country’s financial market regulator. This begs the question of whether the exchange is legit. Read our NitroEx Review to find out all you need to know about the platform.  

Legal Info: Is NitroEx Regulated?

Nitro Software Technologies Ltd is headquartered in Malta. However, the Maltese Financial Services Authority (MFSA) issued a warning against this entity on October 27, 2022. 

“The MFSA wishes to alert the public that NitroEx/ Nitro Software Technologies Ltd is NOT licensed or otherwise authorised by the MFSA to provide any VFA services or other financial services,” the regulator stressed. 

Since Malta belongs to the European Economic Area (EEA), the MFSA enforces common regulations of the European Securities and Markets Authority (ESMA), issuing a MiFID passport to all licensed entities. 

One of the key benefits clients have with MiFID providers is a compensation contract worth up to 20,000 EUR in case something goes wrong, plus protection for the financial ombudsman. 

Since NitroEx is unregulated, the exchange cannot be considered safe. Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Trader Reviews – Sharing Experiences

There aren’t many NitroEx reviews. The earliest ones we found on revain.org are not that great. Back in 2021, traders outlined key issues the exchange had with volume, liquidity, lack of transparency, etc. But the recent feedback on bittrust.org is pretty positive.   

Traders seem generally satisfied with the platform’s services. However, that does not imply that issues cannot arise while trading and buying/selling cryptocurrencies on this exchange. 

In case you want to recover the funds you invested in the NitroEx platform, feel free to contact us for help. Read more about how we solve these cases in our MB Coalition review.    

Who Are NitroEx’s Users?

According to godaddy.com/whois, the Nitroex.io website domain was created on February 18, 2020. Since then, the crypto exchange has mainly been accepting clients who reside in the following countries:

• United States;
• Germany;
• Australia;
• Turkiye.

To reiterate, NitroEx is not eligible to operate in the EEA due to the lack of a MiFID passport, i.e. valid license. That means that Germany is essentially off-limits.

The US and Australia are entirely different jurisdictions with heavy regulations. We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.

Available Trading Platform and NitroBot

The exchange can be accessed via a web platform designed for the straightforward purchase and sale of digital assets. It is based on TradingView for spot cryptocurrency trading and features a wide selection of popular coins.

Although the platform is exclusively browser-based, NitroEx also offers an app for Android and iOS mobile devices, which provides traders with additional convenience and the option to trade on the go.  

Furthermore, the company’s NitroBot allows you to automate your trading, manage your portfolio, and use sophisticated trading tools when you connect to your NitroEx account.

Novices may find the online trading terminal easy to comprehend but trading volatile assets such as cryptocurrencies is extremely risky per se, which is why you’ll need all the tools you can get to ensure you’re on track. We thus recommend providers that support recognized third-party software such as MT4 or MT5. 

Fee Structure

When it comes to trading fees, i.e. maker and taker fees, NitroEx outlined the commissions for each coin in a table on the website. Here are examples of the most popular coins:

• BTC/USDT:
  • Minimum Order Size: 0.0001 BTC;
  • Trading Fee for Buying: 0.025%;
  • Trading Fee for Selling: 0.03%;

• ETH/USDT:
  • Minimum Order Size: 0.0001 ETH;
  • Trading Fee for Buying: 0.025%;
  • Trading Fee for Selling: 0.03%;

• LTC/ETH:
  • Minimum Order Size: 0.001 LTC;
  • Trading Fee for Buying: 0.01%;
  • Trading Fee for Selling: 0.012%; etc.

According to the website, the deposits are free of charge while withdrawals come with a certain fee. For instance, we have the following:

• Bitcoin (BTC):
  • Deposit Fees: No Charge;
  • Withdrawal Fees: 0.0005 BTC;
  • Minimum Withdraw Limit: 0.001 BTC;

• Ethereum (ETH):
  • Deposit Fees: No Charge;
  • Withdrawal Fees: 0.006 ETH;
  • Minimum Withdraw Limit: 0.02 ETH; etc.

NTX NitroEx

Nitro Software Technologies launched the NitroEx coin (NTX) about a year ago. The exchange raised 3,700,000 USD through an ICO and secured an additional 2,400,000 USD in equity.

NTX was listed on the exchange, offering users the opportunity to trade this cryptocurrency. Additionally, specific price details for NTX on the exchange’s website indicate a current price of 0.0000493 USD.

Per the isthiscoinascam.com data from October 25 this year, NTX had a market cap of 583,184 USD and a 24-hour trading volume of 10,588 USD. The price was 0.0000530 USD.

Deposit and Withdrawal Process

NitroEx listed three main payment methods that can be used for buying crypto and withdrawing funds:

• Credit/debit cards (MasterCard, VISA);
• Bank transfers;

In case you’re having issues withdrawing your money from the exchange, you should get familiar with the chargeback process.

A chargeback is the reversal of MasterCard and VISA credit/debit card transactions. It can be requested at the issuing bank within 540 days. For bank transfers, you can request a recall to reverse the transaction.

Key Information To Consider About NitroEx

To sum up our review, NitroEx is an unregulated Maltese crypto exchange that has been active for about three years. In the meantime, this firm has received positive feedback from clients.

Although the exchange has received considerable positive feedback, it doesn’t mean that it’s completely safe and secure. Given the warning from the MFSA, it may turn out to be a hoax just like Bitmarket-Trader. Should you experience any issues, be sure to let us know.

If you cannot withdraw your funds from the NitroEx exchange on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section

What is NitroEx?

NitroEx is primarily an online cryptocurrency exchange. It offers a web trading platform with a trading bot and a unique crypto coin NTX.

Where is the NitroEx Exchange Located?

The company running this exchange is based in Malta. However, the local regulator says this entity is unlicensed.

Can I Recover Coins Stolen in a Financial Fraud?

Yes. You should book a free consultation with us so we can go through your case together and come up with the best solution.

4Tradexchange Review 2023 – Is 4Tradexchange legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. 4Tradexchange has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive 4Tradexchange review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Investors should exercise extreme caution when dealing with 4Tradexchange, as it raises red flags indicative of a suspicious broker. The company’s website, http://www.4tradexchange.org/, is currently unavailable, and crucial contact information, such as their address, is conspicuously absent. The Financial Conduct Authority (FCA) in the United Kingdom has issued a warning about this entity, adding to concerns about its legitimacy. Given these factors, potential investors are strongly advised to avoid engaging with 4Tradexchange, as the lack of transparency and regulatory warnings suggest potential risks and a lack of credibility in their operations. It is crucial to prioritize financial safety and seek reputable alternatives.

4Tradexchange Website – http://www.4tradexchange.org/

Website Availability – No

Address shown – NA

 Warned By – Financial Conduct Authority (United Kingdom)

Key Indicators to identify if 4Tradexchange is a scam or not

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the 4Tradexchange Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities which is a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such type of brokers to safeguard your financial interests.

Presence of negative reviews and scam reports of 4Tradexchange 

The presence of ample negative feedbacks and scam reports from clients and industry professionals, as emphasized by 4Tradexchange Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with 4tradexchange.org. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like 4Tradexchange and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online 4Tradexchange reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to 4tradexchange.org or other scams and preserve their financial assets by following these suggestions given above and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a 4Tradexchange review, are critical to ensure a safe and dependable trading experience.

Victimized by the 4Tradexchange scam? Get your lost money back!

If you are the one who got scammed by 4Tradexchange or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

4Tradexchange Review: 4Tradexchange Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding 4tradexchange.org, as indicated in the 4Tradexchange Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The 4Tradexchange review written above is influenced by the other 4Tradexchange reviews already present on the web. We are not liable for any legal action from the 4tradexchange.org company. In case of any query please mail us at info@reportscam.net.

Uniexchanger Review 2023 – Is Uniexchanger legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Uniexchanger.com has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Uniexchanger review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Uniexchanger raises suspicions as a broker due to its lack of a verifiable address, casting doubt on its legitimacy. While the website, https://uniexchanger.com/, is accessible, the absence of a physical address raises concerns about transparency and accountability. Investors typically seek brokers with clear, traceable locations to ensure trust and regulatory compliance. The lack of an address may indicate a potential lack of regulatory oversight or accountability, prompting caution among those considering financial transactions through Uniexchanger. Traders are advised to thoroughly research and exercise prudence when dealing with brokers that lack transparent information, prioritizing platforms with verifiable credentials for a secure trading environment.

Uniexchanger Website – https://uniexchanger.com/

Website Availability – Yes

Address shown – NA

 Warned By – Not Recommended By Review Website Like Report Scam

Domain Age of Uniexchanger

Key Indicators to identify if Uniexchanger is a scam or not

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Uniexchanger Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities which is a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such type of brokers to safeguard your financial interests.

Presence of negative reviews and scam reports of Uniexchanger 

The presence of ample negative feedbacks and scam reports from clients and industry professionals, as emphasized by Uniexchanger Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with Uniexchanger.com. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Uniexchanger and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Uniexchanger reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to Uniexchanger or other scams and preserve their financial assets by following the suggestions given above and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Uniexchanger review, are critical to ensure a safe and dependable trading experience.

Victimized by the Uniexchanger scam? Get your lost money back!

If you are the one who got scammed by Uniexchanger.com or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Uniexchanger Review: Uniexchanger Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Uniexchanger.com, as indicated in the Uniexchanger Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Uniexchanger review written above is influenced by the other Uniexchanger reviews already present on the web. We are not liable for any legal action from the Uniexchanger.com company. In case of any query please mail us at info@reportscam.net.

Brags about top-of-the-line security solutions and investment opportunities are nothing but empty promises with this company. Looking into the website, the trading environment is nothing to write back home about, and searching any verifiable information about legality or a license is a fruitless effort.

It’s one of those forex brokers that are best avoided for multiple reasons. Find out more about the dangers of unlicensed firms in our Trillium Financial Broker review.

Not Even Close To Being Legit

Shiny pages, some attractive conditions promised and a fake friendly attitude do not guarantee safety of funds. None of these elements have any value from the perspective of safety and profitability. Although the firm claims to be headquartered in Dubai, they are not regulated by the jurisdictional authority – DFSA.  

Legal documents actually reveal the true location of the company – SVG, the tax haven notorious in the Forex world for the number of illicit brokerage dealers. SVGFSA does not regulate their securities market participants, so this agency isn’t licensed anywhere. 

At the same time, FCA, BaFin, CySEC, ASIC and NFA have no information on this faux platform, so make sure you choose a regulated provider. If you’re still pondering on who to invest with, we also have to warn you about IV Markets, which also operates without a legit Forex license.

Reputation Based On Bogus Reviews

It’s common for these faux brokers to abuse online review platforms for misleading marketing purposes. You may see the scheme unfold on sites like TrustPilot, where the majority of the testimonials were made by review seller networks.

It was somewhat easy to spot the deception, as one of the comments has haphazardly posted the entire script for how a testimonial should be written!

Fraudsters’ Areas Of Activity

The trilliumfinancialbroker.com website, as you may see from the WhoIs registry, was only launched in 2022. Main marks for the fraud are the residents of the following countries:

• United Arab Emirates
• Pakistan
• India
• Saudi Arabia
• United States

This faux brokerage operates numerous social network accounts. These include Facebook, Instagram, X, LinkedIn and TikTok. It’s obvious that the main target are inexperienced traders, as their YouTube channel heavily downplays the risks inherent with volatile markets.

Such a scheme is never complete without boiler room agents, however. In conjunction with the mentioned fake reviews, they persuade the potential victims into rash and emotional spending. Invested funds might seem lost forever, but with the assistance of our legal experts, recovery is still possible.

Trading Terms Imply Unlawfulness 

Offering financial services to strictly regulated nations would suggest the broker accepting and respecting the regulatory standards ruling those zones. That is not the case with unregulated entities like this one or InvestAZ, for instance. 

We say this because the available leverage advertised on the website climbs up to a dangerous 1:500, while it is strictly limited to 1:30 in the EEA. Moreover, the trading costs are made to also appear attractive and motivate traders to invest. For example, starting spreads are around 1.8 pips for the cheapest account type, and from 1.4 pips for the priciest one.

Zero Trading Feature Transparency

Transparency is not one of the stronger suits with this online trading brand. It may seem as though everything is clearly outlined, but the links that should lead to specialized pages return you to the home page instead. The pages that do exist merely recycle what was already seen on the main page.

Inaccessible MT5 Software

This website claims to provide the industry standard MT5 software to the clients, but these advertisements are misleading at best.

Even the highest quality and most versatile tool is completely useless if it doesn’t work. Such is the fate of the Trillium Financial Broker platform. While it’s true that the clients are able to download this software for Windows, MAC, Android and iOS, credentials necessary to access it are never provided.

Markets And Products

Without access to the trading area and software, it’s a question how trading is conducted at all with this firm. Nonetheless, some of the most popular tradable asset groups are advertised on the site:

• Forex (EUR/USD, USD/CHF, USD/JPY, EUR/GBP)
• Metals (Silver, Gold, Platinum)
• Indices CFDs (DAX, Dow Jones, Nasdaq, Nikkei)
• Commodities CFDs (Coffee, Wheat, Soybean, Sugar)
• Stocks CFDs (Alibaba, Airbus, Boeing, 3M, Nvidia)

Unclear Pricing Plans

One single Trillium Financial Broker account is available for all new registrants. A demo account is also allegedly provided, but, as mentioned before, can’t be used to access the trading app.

Instead of separate account types, there are a number of pricing plans. No benefits or any reasons for why a client should opt for a pricier plan are mentioned.

Here’s an overview or pricing plans and minimum deposits:

• Classic – $100
• VIP – $500
• Pro – $1,000

Poor Educational Sources

Every broker’s success depends on the efficiency of their customers. In order to help their investors learn and grow, every properly regulated site provides a ton of various learning materials in different forms. This portal, on the other hand, doesn’t bother much to help you educate yourself. 

There’s a mention of articles, but the links to these pages are broken. Several short introductory videos are linked from YouTube, but they don’t offer much information or insight.

Weasel Words Mask Payout Issues

Legal papers tend to mention the words such as withdrawals, deposits and fees quite often. However, not a single piece of all the information you’re bombarded with has any value or purpose other than to lead you into risky investing. 

The lack of transparency is evident when it comes to funding methods, exact fees and commissions, as well as potential trading volume requirements. It is claimed that all submitted withdrawal requests are processed within the first 24 hours, but there’s no way to confirm that. 

Also, only after completing a thorough KYC procedure are clients able to explore the deposit/payout methods.

No Customer Support

The website does not include a separate page dedicated to this service, nor does it provide any live chat.The alleged phone number that is displayed in the contacts page is unreachable. The only way to contact support is via contact form, so you can’t expect a prompt resolution for any issues you might encounter.

Withdrawal Issues? Contact Us!

Please never hesitate to ask for help when you’re dealing with illicit trading firms that prevent you from withdrawing your hard earned cash. The sooner you act the quicker you can recover the lost funds. So, make haste before your funds are irreversibly lost. Contact our legal experts and get information on how to get your investment back!

FAQ Section

What is Trillium Financial Broker?

It is an online fraud that uses the pretense of brokerage services to lure victims.

Is Trillium Financial Broker Legit?

No, the company is completely illicit, and is not registered or regulated anywhere in the world.

What Can I Do If I Was Scammed Online?

Seek help from one of our legal experts through the live chat on our website. We are available 24/7, and our first consultation is free of charge.

Under the excuse of providing global trading opportunities to retail and institutional investors, this platform gives itself the right to deceive and rob its customers. Integrity, professionalism, innovation and other values mentioned are all false claims made in order to appear legitimate and serious. In addition, what else undermines the meaning of these statements is the fact that the platform is blacklisted multiple times in various jurisdictions. 

Since authorities have confirmed fraudulent intentions displayed by this firm, it’s our duty to warn our audience and expose the criminals further in this WiseWealth.ai review. 

Regulators Say Scam

Although there’s no corporate information or any clues about the firm operating the website, FMA, that has blacklisted this entity says they claim to operate from the UK. As two other regulators – CONSOB and CNMV have confirmed, the company is not licensed for promoting and selling online financial services.

Needless to say that the illicit entity could be not registered at all and simply running a shady website that promotes institutional and retail brokerage services.

That implies that the fund safety is not ensured through segregated bank accounts and customers do not have access to the compensation plans. If you invest here, you can expect sudden fees and unfair treatment, similarly to what Firedexen displays.  

Bad Ratings Piling Up

It seems that at one point this self-proclaimed brokerage tried to boost their reputation by hiring review seller networks. They couldn’t keep up with the fakes as the scope of their fraud grew out of proportion. We can see this clearly on the TrustPilot review platform.

As of late, 47% of all clients have given the company the lowest possible rating. Most of them complain that these cybercriminals succeeded at not only stealing the deposited funds, but compromising the data and privacy of their victims’ computers.

We will discuss more about fraudulent strategies and recovery options later in our WiseWealth.ai review.

Cybercriminals At Work

The wisewealth.ai site did not exist prior to August 2023. These nations are the main targets for the scheme:

• United Kingdom
• Canada
• Germany
• Belgium

In a scenario similar to the Veptex scheme, this company uses boiler room agents to seek out new targets by phone. Their main tool is pressure, and they are even known to resort to threats if the mark doesn’t want to deposit.

It’s evident that the schemers use AnyDesk software to gain access to their victims’ computers, and unlawfully extract sensitive data such as credit card information.

Recovering the lost money is possible, but time is of the essence. You may contact our legal experts at any time through the live chat to start your chargeback as soon as possible.

Allegedly Affordable And Flexible Costs

At first, the company web presentation seems as if it’s detailed and thorough enough. However, you don’t get concrete information on leverage, spreads and commission. 

From what we see inside the platform, the default starting leverage is 1:10 and that’s it. Other costs mentioned are 0.40% management fees and 0.35% administration fees. What they apply to and how they’re charged is a mystery.

Referral Rewards

After signing up for this trading portal, you get assigned a unique referral link. By sharing it and getting others to join by clicking on it, both parties get rewards. When your referral makes their first deposit, you’re both rewarded with “100% Bonus USD Credit”. The platform owners do not exactly explain what that is and how it’s supposed to be cashed in. 

Inferior Trading Tools And Features

It quickly becomes apparent when a Forex dealer doesn’t have much to offer. From empty promises of the MT4 web platform, you end up with an unresponsive web terminal. Furthermore, no specialized account types exist and no option for Demo testing is given. 

Simplistic Web Trader

Attempting to make money on this trading portal is a completely futile project. The barely functional trading terminal was supposed to be resembling the prestigious MT4, but it is basically unresponsive. 

Often found on unscrupulous brokerage websites, these distributions are meant to be manipulated in a way that makes traders believe they’re earning. In reality, no profit is actually being accumulated at all, considering that the entire trading process is artificial and heavily controlled. 

Built-In Instruments

Since it’s not our first time dealing with this bogus software, we could immediately tell that these financial products are those that always come with this distribution:

• Stocks (3M, Alibaba, Nvidia, Netflix, Caterpillar)
• Crypto (BTC, ETC, LTC, BNB, ADA, DOT)
• Currencies (EUR/USD, EUR/JPY, USD/PLN)
• Commodities (Coffee, Sugar, Wheat, Soybean)
• Indices (Nasdaq, Dow Jones, DAX, Ibex)

Missing Account Information

Anybody can create a trading account, but nobody can tell you what this WiseWealth.ai account encompasses. There are no different account types, and the main WiseWealth.ai login doesn’t allow the creation of sub-accounts.

So, the clients are stuck with an account they can barely use thanks to the horrible trading application, with no options for investment diversification or risk mitigation.

Shady Transactions

Legal documents aren’t located anywhere on the site, so they cannot help you much when it comes to understanding the transfers, methods and fees. The withdrawal panel allegedly allows you to perform payouts to your credit cards, but even that is not certain. 

Besides the mandatory 0.75% fee, other expenses are not revealed, and you can expect unpleasant surprises like sudden charges and trading volume requirements. That is one of the major reasons why you should look for an honest and transparent Forex brand.

Can’t Connect To Support

Customer support can only be described as non-existent. There is no live chat, nor are there any messaging services listed. The provided phone number doesn’t work either, so clients are stuck with using the contact form, or email. Nobody responds to these mail messages, so if you’re in a bind, well, tough luck.

Got Scammed? We Offer Solution!

Since investing with this faux type of brokerage house is proven to be unwise, you should better look for a more profitable solution. Risky online trading world could quickly prove to be more costly than you originally anticipated. 

However, even in such situations, a solution could be found. And our legal experts and chargeback professionals have it! Contact us for more information.

FAQ Section

What is WiseWealth.ai?

It’s a con scheme designed to steal from the clients, while offering the pretense of online trading.

Is WiseWealth Legit?

No, the company is not registered or licensed, and is added to the black list of multiple financial regulators.

Can I Recover from an Online Trading Scam?

Bank card payments are transparent and designed with transaction tracking in mind. You can rely on our chargeback experts to return your funds swiftly and reliably.

Even at first glance at the company’s website, you can see too many irregularities. But most importantly, you see a lack of transparency. Luckily, this brokerage claims to be registered in the United Kingdom. Which makes everything a whole lot easier.

Just in a few clicks, you can get information on whether the company is a scam or not. But this honest VirtualPayout.com review will reveal much more.

Legal info: Is VirtualPayout.com legit or a scam?

All UK-registered brokerages must have an FCA license or TPR (Temporary Permission Regime). By searching for a VirtualPayout broker in the FCA register, we discovered nothing. Therefore, all their promises about segregated bank accounts for deposits become questionable.

We were hoping some other Tier 1 license, like BaFin, ASIC, or CFTC, would deny that. Sadly, the bitter truth is that this firm is an absolute scam.

Who are VirtualPayout.com clients?

This firm has been active since 2018, which is quite a long time for a broker firm. Surprisingly, they don’t have any warnings so far. But there will be considering numerous negative reviews. In any case, most of the victims come from:

• Australia
• Luxembourg
• United Kingdom

But what’s your experience with this firm? Leave a comment below or contact our chargeback specialists directly, and don’t waste a bit of time.

Traders’ Reviews

If you are not sure if this broker is a scam, Virtual Payout reviews will tell you. Sadly, there are only 9 comments on Trustpilot. Yet, none of these is positive.

As expected, all the problems start once you want to withdraw the funds. Make sure to check these, and if you were in the same situation, get in touch with our refund experts for advice.

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading signs the company is not legit is its leverage. Keep in mind that all UK firms must offer a maximum of 1:30 to retail traders. However, once you complete the VirtualPayout.com login procedure, you will see insanely high leverage of up to 1:600.

Important to realize is that the company doesn’t share any details about fees or commissions. This is one of the key problems mentioned in VirtualPayout.com reviews.

Bonuses

With unregulated brokers, you will often see various bonus promotions. Yet, VirtaulPayout.com company claims to offer up to 100% loans. But those are bonuses whose policies are hidden in T&Cs. Therefore, if you don’t read it carefully, you might end up scammed. Like it won’t happen anyway. 

Of course, for a withdrawal, you have to reach a certain trading volume. In this case, 25 times the bonus amount plus the deposit.

VirtualPayout.com Trading Features

One of the most disturbing features is that the brokerage offers fully managed accounts. That’s practically a recipe for a disaster. On top of that, they are lying about the fastest withdrawals in the industry and segregating bank accounts for deposits.

Trading Platforms Available

According to Virtual Payout, they are offering a user-friendly and simple-to-use platform. Since it’s a web-based one, you can expect exactly that. But this platform definitely won’t have any advanced features.

Additionally, this platform is easily manipulated through the back end. Keep that in mind when you see unreasonably high profits.

Available Trading Assets

Trading instruments with scam brokers are your last worry. Primarily because everything is fictive with this firm. In any case, you have the option to trade with:

• Currency pairs (Forex) – USD/HKD, AUD/NZD, EUR/HUF
• Commodities – gold, silver, palladium
• Shares – Amazon, Alibaba, AMD
• Indices – DAX 30, CAC 40, DowJones
• Cryptocurrencies – BTC, DOT, LTC

Account Types

As for the account types, you can see quite high minimum deposit requirements. In fact, only for a standard account do you have to put aside $10k.

As for the benefits with higher deposits, you practically have none. The broker only promotes some educational, support, and VIP features. But very often, these are just manipulation tricks over traders. Anyway, the options are:

• Standard – $10.000
• Silver – $50.000
• Gold – $100.000
• VIP – $250.000
• PRO – $1M

Mobile Trading App

If you are looking for a stable iOS or Android app with this broker, start looking elsewhere. With their web-based platform, you can only expect trouble while trading on a mobile. Luckily, our Oro Markets review can give you more details about the necessity of trusted mobile apps and third-party software.

Demo Account

Another key fact is that VirtualPayout.com company doesn’t offer a demo account. Neither do they offer a micro account. These things would be quite recommended for a broker that has that high minimum deposit requirement.

Education

In general, education doesn’t exist in this broker’s vocabulary. All they care about is money. To attract their traders to deposit more, they will offer you VIP webinars, in-depth research, and customized education. But that’s all irrelevant if the broker is not licensed.

VirtualPayout.com Withdrawal

We already agreed that a bonus policy can prevent you from withdrawing your funds. But there are other things as well. In the first place, the minimum withdrawal amount is $1.000 for wire transfers, while for card transfers, it’s $100.

Through the withdrawal policy, we discovered that their minimum deposit is actually $250. So, they won’t decline you as a client as long as you want to deposit some money. Allegedly, there are no withdrawal fees. Yet, they can introduce additional fees at any time.

Customer Support

According to the company, they are based in the UK. But that’s most likely a lie. With this in mind, their UK and Australian phone lines might be as well. Besides, you can contact them via e-mail and web contact form. But after some reviews, you shouldn’t raise much hope about it.

Key Information To Consider About VirtualPayout.com

As mentioned, the company is not licensed by any trusted authority. On top of that, they present themselves as the UK-broker, which adds to suspicion. Additionally, they are using very risky trading software with quite unclear conditions and fees.

If you experience any irregularities with this firm, don’t hesitate to contact us. Especially if they don’t allow you your withdrawal for some insane reasons.

FAQ Section

What is VirtualPayout.com?

VirtualPayout.com is a virtually anonymous company offering FX and CFD trading services since 2018 without any regulations.

Is Virtual Payout Legit?

Not at all. The company lacks necessary licensing and their trading conditions and features are quite risky.

What Can I Do If I Was Scammed While Trading Online?

Since the company is not regulated, complaints won’t get you your money back. Instead, you can apply for a refund with our specialist’s assistance. Book a free first meeting today!

Allegedly started in 2005, this brokerage brand claims to have begun in a small office to achieve worldwide coverage and presence they boast today. Strategies and trading tools they advertise are supposed to be just the right solution for every retail and professional traders preferences. 

As it seems, the regulators wouldn’t agree with these statements, considering that several major EEA authorities have flagged them for fraudulent activities. Read more on this and other concerns about this business in our SparPrime review.

Authorities Expose The Fraud

Being oriented towards providing services to German speaking investors, the website has quickly attracted attention of the regulators in these countries. FMA and BaFin were the first to investigate this sham and flag it as unsafe. Right after, it was CNMV that reposted the public alert. 

After such findings there’s no doubt that this scheme operates under suspicious leadership and no legal ground. It is for certain that the investments here are destined to be stolen, as no segregation of funds is ensured. Additionally, clients have no access to the compensation scheme and risk-reducing measures aren’t implemented. 

Areas Of Activity

Don’t forget to check the WhoIs database for more information about a website. This particular fraud has been running since March 2023, and our web analysis tool has determined that these are the most affected areas:

• Germany
• Austria
• Switzerland
• United Kingdom

These fraudsters usually find victims by phone, through the work of so-called boiler room agents. They are the persuasion experts that seek out potential victims by phone, and pretend to be finance experts.

It usually starts slow, with small deposits. However, the spending can quickly run out of proportion, and it’s difficult to get the money back. That said, recovery is possible, so get in touch with our chargeback experts if you’ve gotten burned by these, or the Trustoptions swindlers.

Poorly Received By Traders

Although not numerous, the online ratings of this site are universally negative. We can see a few examples on TrustPilot and SiteJabber platforms, where the unlucky traders have already shared their personal opinions.

However, it’s prudent to stay on your toes even if the company has a good reputation on one of these ratings websites. It’s quite common for these sorts of con schemes to employ review seller networks to boost their reputation, which is the strategy Bitfinex uses.

Unjustified Costs

Not only are the offered trading tools and features utterly underwhelming, but they’re also working against the trader. Firstly, there’s the leverage, which reaches an abnormally high ratio of up to 1:400 on Forex. 

It’s somewhat lower on other instruments – 1:100 on Stocks, Gold and Indices, while it’s 1:10 on Crypto. A friendly reminder: EEA regulators have limited the maximum leverage to 1:30 for the sake of lowering the risks of loss!

Trading costs are also ridiculously high. Starting spreads are 5 on EUR/USD, while the industry leaders offer spreads as low as 0.5 pips.

Lackluster Trading Environment

The site does contain some information about trading features, but you can’t really call it transparent. While some aspects are well detailed, like account types for instance, there’s very little info about trading instruments.

This “try for yourself” approach is another strategy that urges the hapless traders into investing without a lot of prior research.

Software Lacks Functionality

The basic web trader with the social trading feature is all that this brand has to offer. Dangerously similar to the infamous Sirix web app, this platform does offer simple tools for technical analysis and customization. 

Sadly, it severely lacks advanced options that are crucial in achieving your investment goals. That’s why we’d recommend you to rather pick a premium Forex dealer with fully customized prestigious platforms like MT5 and cTrader. 

What Is Traded

The website certainly lacks transparency when it comes to trading instruments. Here’s the tradable asset classes we managed to find inside the platform:

• Equities (Alcoa, Boeing, Etsy)
• Crypto (ADA, BTC, DASH, ETC)
• Commodities (Sugar, Silver, Aluminium)
• Forex (EUR/USD, EUR/CHF, USD/CAD)
• Indices (DAX, IBEX, NSDQ, CAC)

Astronomical Account Prices

Available SparPrime account types are all tiered, with the higher-end ones costing a king’s ransom. More expensive ones seemingly offer a mind-boggling amount of benefits.

Some of these are what you’d expect from any regulated firm, like video tutorials and webinars, while the others are completely out there, like guaranteed profits.

Without further ado, here’s the accounts with minimum deposits:

• Grundlegende Mitgliedschaftsinvestition – $250
• Standardkonto – $10,000
• Silber – $50,000
• Gold – $100,000
• Platin – $200,000

Unknown Withdrawal Terms

It is not clear how the SparPrime payouts work, nor what is the processing time and fees involved. The user area forces you to create a withdrawal request, but you have to first pass a detailed KYC before you can be informed on the funding methods and conditions. What is clear is that one of the transfer channels supported are credit cards. 

That is somewhat relieving, as these transactions are the most transparent, and offer a chargeback possibility. The only condition is that you have to issue a chargeback request within 540 days since the deposit was made. For more information, contact our experts.

No Dedicated Customer Service

It seems that the fraud is tailored in such a fashion to make the victims completely reliant on their boiler room agent for any assistance, making a closed information loop.

Contact options include a mobile phone number that nobody answers, and a non-functional email that bounces back. Besides these, your only option is the notorious contact form on the website. 

Got Your Money Stolen? We Can Help!

The SparPrime scam has been placed on the blacklists of multiple financial regulators in a very short time span. This so-called brokerage has nothing to offer but ruin, as nearly all of the features and conditions are either unlawful, or simply missing from the platform.

The con scheme has become quite widespread regardless. If you are one of the victims burned by this faux company, get in touch with our legal experts via the live chat. We are available 24/7, and we offer proven recovery methods.

FAQ Section

What is SparPrime?

It is an unlawful brokerage brand, blacklisted by several leading EEA financial authorities.

How Does SparPrime Broker Operate?

Typically, they ask for a high deposit while promising premium trading terms and features, but all of it is a lie created to defraud traders.

Can I Recover Money From a Financial Fraud?

Yes. For more information on what you should do in order to get your money back, you should contact our professional legal team.

LBT Exchange Ltd Review 2023 – Is LBT Exchange Ltd legit or scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. LBT Exchange Ltd has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive LBT Exchange Ltd review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

LBT Exchange Ltd. asserts its Canadian presence while offering an online cryptocurrency trading platform, welcoming clients from British Columbia. However, our investigation reveals that LBT Exchange Ltd. lacks recognition as an exchange or registration as a dealer in British Columbia, potentially raising regulatory concerns. In the rapidly evolving landscape of cryptocurrency trading, compliance with local regulations is paramount for investor protection. Potential clients are advised to exercise caution and verify the platform’s legal standing before engaging in transactions. The absence of recognition or registration in BC prompts regulatory scrutiny, emphasizing the importance of due diligence when navigating the dynamic realm of digital asset trading.

LBT Exchange Ltd Website – https://www.cellbitcoin.com

Website Availability – Yes

Address shown – Claims to be located in Canada

 Warned By – British Columbia Securities Commission (British Columbia)

Domain Age of LBT Exchange Ltd

Key Indicators to identify if LBT Exchange Ltd is a scam or not

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the LBT Exchange Ltd Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities which is a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such type of brokers to safeguard your financial interests.

Presence of negative reviews and scam reports of LBT Exchange

The presence of ample negative feedbacks and scam reports from clients and industry professionals, as emphasized by LBT Exchange Ltd Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with LBT Exchange. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

How to Protect Your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like LBT Exchange and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online LBT Exchange Ltd reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to LBT Exchange Ltd or other scams and preserve their financial assets by following the suggestions given above and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a LBT Exchange Ltd review, are critical to ensure a safe and dependable trading experience.

Victimized by the LBT Exchange Ltd scam? Get your lost money back!

If you are the one who got scammed by LBT Exchange or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

LBT Exchange Ltd Review: LBT Exchange Ltd Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding LBT Exchange, as indicated in the LBT Exchange Ltd Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The LBT Exchange Ltd review written above is influenced by the other LBT Exchange Ltd reviews already present on the web. We are not liable for any legal action from the LBT Exchange company. In case of any query please mail us at info@reportscam.net.

Trex Review 2023 – Is Trex legit or a scam?

In the dynamic realm of online trading and investments, the rise of deceptive entities pretending to be reputable brokers poses a significant concern. Trex has garnered attention recently due to suspected fraudulent activities, generating apprehension and necessitating thorough scrutiny. Through this extensive Trex review, our objective is to offer an impartial evaluation by presenting verifiable facts and information obtained from reputable and trustworthy sources.

Trex purports to run an online cryptocurrency trading platform, welcoming clients from British Columbia (BC). Despite its online presence at https://trexproit.com/, crucial details such as a physical address remain conspicuously absent. This has triggered caution from the British Columbia Securities Commission (BCSC), signaling potential concerns about the platform’s legitimacy or adherence to regulatory standards. BC residents engaging with Trex are advised to exercise heightened vigilance and consider the warnings issued by the BCSC. The lack of a disclosed address raises questions about transparency and accountability, prompting potential investors to approach Trex with discernment and seek additional assurances before navigating its cryptocurrency trading services.

Trex Website – https://trexproit.com/

Website Availability – Yes

Address shown – NA

 Warned By – British Columbia Securities Commission (British Columbia)

Domain Age of Trex

Key Indicators to identify if Trex is a scam or not

Unregulated and Unlicensed

One of the foremost indicators of a potential scam broker, as emphasized in the Trex Review, is the absence of regulation and licensing. Legitimate brokers are required to obtain licenses from reputable financial regulatory authorities which is a crucial step in guaranteeing adherence to stringent industry standards and rules.

Investors face a heightened risk of encountering fraudulent practices when dealing with unregulated and unlicensed brokers. The absence of clear regulatory oversight and licensing poses significant concerns regarding the broker’s credibility and the security of clients’ assets. It is crucial to exercise caution and conduct due diligence when engaging with such type of brokers to safeguard your financial interests.

The presence of negative reviews and scam reports of Trex

The presence of ample negative feedback and scam reports from clients and industry professionals, as emphasized by Trex Review, is a telltale sign of a scam broker. Several reports of fraudulent operations, immoral behavior, and financial losses raise doubts about the company’s credibility. Before entrusting their investments to any brokerage firm, potential clients should conduct research and examine the experiences of others with Trexproit.com. To protect your financial interests, it’s critical to stay knowledgeable and vigilant.

Poor Customer Support and Withdrawal Issues

Scam brokers frequently use delayed or denied withdrawal requests to keep clients’ assets and prevent them from leaving the platform. Customers become frustrated and have worries about the company’s honesty when payments are not available or are delayed for an extended period.

How to protect your Investments From Scams

Trading in financial markets like Forex, Binary Options, and Cryptocurrency can be lucrative, but it comes with risks, including potential encounters with deceitful brokers. Protecting your assets from scams like Trexproit.com and other fraudulent entities requires vigilance and a proactive approach. Here are precautions to consider when dealing with dubious brokers:

• Before engaging a broker, do extensive research on them. Investigate their licenses, regulatory status, and track record.
• Check online Trex reviews, forums, and social media platforms for feedback and experiences shared by other traders. This can provide valuable insights into the broker’s reputation and reliability. You can also check our list of scam brokers 2023.
• Only choose brokers that are properly regulated and licensed by recognized financial authorities.
• Ensure the broker has a physical address and contact details that can be verified.
• Read through their terms and conditions, privacy policy, and risk disclosures to understand their policies and procedures.
• Evaluate the broker’s customer support services before opening an account. Prompt and efficient customer support is essential for addressing queries, concerns, and issues.
• Be wary of brokers that make extravagant promises, such as guaranteed profits or high returns with minimal risk.
• Remember that trading involves inherent risks, and no broker can guarantee consistent profits.
• Review the broker’s withdrawal policies and procedures. Ensure they provide clear and straightforward processes for withdrawing funds.
• Don’t rush into decisions. Take the time to evaluate all aspects and make an informed choice.

Traders can lessen their risk of falling victim to Trex or other scams and preserve their financial assets by following these suggestions given above and keeping cautious. Keep in mind that extensive research and due investigation, such as reading a Trex review, are critical to ensure a safe and dependable trading experience.

Victimized by the Trex scam? Get your lost money back!

If you are the one who got scammed by Trexproit.com or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Trex Review: Trex Scam Conclusion

Given the facts and traits frequently linked to fraudulent businesses, it is impossible to ignore the concerns surrounding Trexproit.com, as indicated in the Trex Review, as a possible scam. When choosing a broker, traders and investors should proceed with extreme caution, making sure they select a reputable, licensed, and regulated company. Making sure a broker is legitimate, looking for unbiased evaluations, and doing extensive research are all crucial steps in safeguarding against fraud and financial losses.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.

Note: The Trex review written above is influenced by the other Trex reviews already present on the web. We are not liable for any legal action from the Trexproit.com company. In case of any query please mail us at info@reportscam.net.